The global Tea market was valued at US$ 89770 million in 2019 and is expected to reach US$ 139250 million by the end of 2026, growing at a CAGR of 6.4% during 2021-2026.
Tea is an aromatic beverage commonly prepared by pouring hot or boiling water over cured leaves of the Camellia sinensis.
Lipton (Unilever), Tetley (Tata Global Beverages), Twinings (ABF), Taetea Group, Tieguanyin Group, Tazo (Unilever), The Republic of Tea, Yorkshire Tea, Dilmah, Bamatea, Chinatea, etc. are the key suppliers in the global Tea market.
Top 5 only took up 9.42% of the global market in 2018.
China was the largest in this market, which was accounted for a market share of 36% in 2018, and it will enlarge continually in the next few years. Europe and the United States are also important markets.
Global Tea Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tea Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Lipton (Unilever), Tetley (Tata Global Beverages), Twinings (ABF), Taetea Group, Tieguanyin Group, Tazo (Unilever), The Republic of Tea, Yorkshire Tea, Dilmah, Bamatea, Chinatea and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-tea-market-research-report
Segment by Type
- Green Tea
- Black Tea
- Oolong Tea
- Dark Tea
Green Tea is the most widely consumed which takes up about 57.02% of the total sales in 2018 and will reach to 56.41% in 2025.
Segment by Application
- Food Service
Retailer is the most widely used which took up about 62.91% of the global total in 2018. Meanwhile, Food Service only took up about 37.09% in 2018.
Table of Content:
1 Tea Market Overview
2 Tea Market Competition by Manufacturers
3 Tea Retrospective Market Scenario by Region
4 Global Tea Historic Market Analysis by Type
5 Global Tea Historic Market Analysis by Application
6 Key Companies Profiled
7 Tea Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Tea Market Dynamics
10 Global Tea Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.